Truist Financial Lowers Brink's (NYSE:BCO) Price Target to $138.00

Brink's (NYSE:BCO - Free Report) had its price objective lowered by Truist Financial from $144.00 to $138.00 in a report released on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the business services provider's stock.

Separately, StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Brink's presently has a consensus rating of "Buy" and a consensus target price of $120.50.

Brink's Price Performance

Shares of Brink's stock traded down $2.17 on Thursday, hitting $100.51. The company had a trading volume of 324,876 shares, compared to its average volume of 258,665. The business has a 50-day simple moving average of $108.68 and a 200-day simple moving average of $103.37. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $4.44 billion, a PE ratio of 34.69 and a beta of 1.44. Brink's has a 52 week low of $72.68 and a 52 week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.35). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a net margin of 2.73% and a return on equity of 69.80%. The company's revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $1.92 earnings per share. Research analysts expect that Brink's will post 7.4 EPS for the current fiscal year.

Brink's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, November 4th. Brink's's payout ratio is 32.77%.

Institutional Trading of Brink's

A number of large investors have recently added to or reduced their stakes in BCO. Covestor Ltd boosted its stake in Brink's by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the period. LRI Investments LLC acquired a new position in Brink's in the 1st quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in Brink's in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC boosted its stake in Brink's by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock worth $47,000 after purchasing an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in Brink's in the 2nd quarter worth approximately $47,000. 94.96% of the stock is currently owned by institutional investors.

About Brink's

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.